One Opens, One Closes – Micro AFSLs in Calendar YTD
Over the current calendar year to date for every micro AFSL commencing, close to one micro AFSL is ceasing, according to Wealth Data.
The firm’s Colin Williams earlier analysis looked at the number of closed...
Advised Clients Fare Better in Life Claims
Latest data reaffirms that advised life insurance clients fare better in the claims process than unadvised claimants.
APRA’s Life Insurance Claims and Disputes Statistics for the year to 31 December 2023 again shows that the...
Advice Businesses Merge
Financial advice businesses, Eureka Whittaker Macnaught and Blue Harbour Financial Partners will merge in a move the companies say is designed to deliver scale and efficiency benefits, career opportunities for employees and a strengthened...
Caution Urged on Leveraging AI
Our report that advisers and advice business owners should proceed with care when it comes to harnessing AI solutions, drew strong reader interest this week...
Advisers and advice business owners...
CSLR Up and Running – Minister
Minister for Financial Services Stephen Jones has announced the Compensation Scheme of Last Resort is now beginning to process claims for compensation payments from eligible consumers.
The announcement comes after the FAAA had expressed “deep...
New AIA Vitality Award Incentive
AIA Australia has introduced a new reward incentive to encourage deeper engagement with its health and wellbeing program, AIA Vitality.
The insurer says that in response to the widening insurance coverage gap and persistent cost...
Client Risk Matrix – Your Verdict
A clear majority of the adviser community appears to support the idea of building a client risk matrix into their life insurance advice process.
As we go to press our latest poll has found that...
Major Changes to ASIC’s Executive Leadership Team
ASIC has announced a number of changes to its senior executive leadership team, including a secondment for its current CEO, the appointment of an interim CEO and a search for a permanent CEO in...
Iress Completes Sale of Platform Business
Financial services software company, Iress has completed the sale of its Platform business to ASX-listed platform technology provider Praemium.
A statement from Iress says that as announced in February 2024, Praemium agreed to purchase the...
Advisers in Micro AFSLs Tend to Stay with Smaller Firms
Most advisers who have been in a small licensee, tend to opt for another small firm, if their current licensee has closed, according to Wealth Data’s latest analysis.
The firm’s Colin Williams writes in his...